FROM THE EDITORS OF CU WEEKLY...

WRITING EFFECTIVE COMMENT LETTERS
updated 05/24/13 02:42 PM
Video Gives Useful Tips
Did you know the National Credit Union Administration (NCUA) has posted a helpful five-minute video for credit unions on how to write effective comment letters to the agency?

Whether your credit union supports or opposes a proposed rule, it's important your voice is heard—and it's important your comments are written effectively. Click here to view NCUA's video, hosted by Chairman Debbie Matz.

Tips for Writing a Comment Letter

• Read the proposed rule and comments from other credit unions. Decide if you support or oppose the rule, and consider the unintended consequences.
• Make an impact by telling your credit union's story. When opposing a proposed rule, let the regulator know your reasons why, and describe the affect the rule would have on your members, your credit union, or the credit union movement.
• Consider whether the agency has good, solid justification for its proposed rule/amendment. If justification exists, suggest alternative solutions that mitigate the impact while allowing the agency to reach its objective.
• If your credit union supports a rule, let the agency know this, too. Everyone likes positive feedback from time to time, and you’ll help foster goodwill for when you do need to object to a rule.

Remember to use PowerComment to submit your comment letter. PowerComment is a free regulatory advocacy service available to all California and Nevada credit unions. Register at PowerComment, or contact Leagues Vice President of Regulatory Advocacy Sharon Lindeman at 909-212-6063 or sharonl@ccul.org!

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PAC GOLF TOURNAMENT RAISES $59K
updated 05/21/13 10:13 AM
More Than 165 Attendees
The annual Multi-Chapter PAC Golf Tournament in Valencia, CA attracted approximately 165 credit union CEOs, executives, and volunteers—raising a grand total of $59,055. 

DERIVATIVES PROPOSAL; FASB DEADLINE
updated 05/17/13 01:54 PM
Visit 'PowerComment' to Act Now
Last week the National Credit Union Administration (NCUA) board approved a proposed rule that would allow eligible credit unions limited authority to purchase simple derivatives, interest rate swaps, and interest rate caps as a hedge against interest rate risk (IRR).  

NATIONAL CU TAX ADVOCACY PLAN COMING
updated 05/14/13 12:16 PM
Leagues, CUNA Prepare for Defense
As congressional legislators meet to consider bipartisan tax reform, the credit union not-for-profit tax status must be explained and defended in Congress, according to discussions between state leagues and the Credit Union National Association (CUNA) on Tuesday morning. 

LEAGUES LAUNCH 'POWER COMMENT'
updated 05/14/13 10:08 AM
Online Tool Gives CUs Powerful Voice
The California and Nevada Credit Union Leagues have launched PowerComment, an innovative and comprehensive online advocacy tool geared to assist every credit union in California and Nevada take an active role in helping shape proposed federal and state regulations. 

FEDERAL GOVERNMENT AFFAIRS
California and Nevada’s voice in Washington D.C. The California and Nevada Credit Union Leagues are the only Leagues with a full time staff dedicated to working with Congress, Government Agencies, and Federal Regulators. The resources in this area will help you keep informed of the latest developments and credit union priorities.

STATE GOVERNMENT AFFAIRS
State Government Advocacy efforts brings the voice of credit unions to Sacramento and Carson City. Our advocacy team works daily with elected officials, staff, the executive offices, gubernatorial appointees, and the decision-makers of California and Nevada. This area will keep you updated on all advocacy efforts at the state level of Government.

GRASSROOTS ADVOCACY
Grassroots Advocacy efforts connects you to your government. Whether issues arise at the Federal or State level; you can be an advocate for your credit union by participating in our programs. Using traditional Grassroots tactics, the California and Nevada Credit Union Leagues connects you to our cause.

PAC PROGRAMS
The bipartisan Political Action Committee (PAC) of the California and Nevada Credit Union Leagues’ goal is to support candidates who support credit unions. Find out information about how you can participate and support candidates for office that support credit unions.

PROJECT ZIP CODE
Project Zip Code (PZC) is a user friendly, secure computer program that counts your members and matches them by congressional district, state legislative district and county. These counts are then uploaded to CUNA’s PZC website and combined with data from other credit unions nationwide.

Project Zip Code aids in federal and state advocacy efforts and participation provides operational benefits. To upload Project Zip Code, access FAQs and User Manual, please refer to the following
link.

PUBLIC AFFAIRS
The California and Nevada Credit Union Leagues works to ensure that the media and public are aware of the impact of credit unions in your neighborhoods and communities.